Monday, December 3, 2012

[Ship Building] Koreans keep strength

Koreans keep strength

Boosting orders for newbuilding commercial ships, in general, seem to be needed more time, however, ship types in which Korean shipyards have strengths have steady investment.

Analyst Kim Hong-Gyun of Dongbu Securities said "A total of orders contracted year-to-date declined by 43.4% year-on-year."

However, he pointed out that strong suits of Korean shipbuilders, such as PCTC, etc., appeared to gain newbuilding demands.

He added "Ordering for containership seem to have resumed. For instance, recently STX Offshore & Shipbuilding and Hanjin Heavy Industries & Construction contracted orders for large size boxships over 5,000TEU and Yang Ming Marine Transport of Taiwan is preparing to place an order for ten 14,000TEUs."

He said "Active ordering in the end of this year is favorable for the next year," and added "Korean shipbuilders will continue to concentrate on offshore units in 2013, but orderings for PCTC, large-size boxship, LNG carrier, etc., which Korean have strengths in, will grow next year too."

{C}{C}Published : November 30, 2012

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